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Santos Ltd | 2023 Full Year Results Presentation | Kevin Gallagher | Page 1 of 11 | September 11, 2026

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Media enquiries Ken McGregor +61 (0) 401 037 140 Ken.McGregor@santos.com Investor enquiries Brian Massey +61 8 8116 7354 | +61 (0) 432 099 391 Brian.Massey@santos.com Santos Limited ABN 80 007 550 923 GPO Box 2455, Adelaide SA 5001 T +61 8 8116 5000 | F +61 8 8116 5131 santos.com Page 1 ASX / Media Release 21 February 2024 Santos announces record cash dividend Summary • Sales revenue of US$5.889 billion • EBITDAX 1 of US$4.083 billion • Underlying profit 1 of US$1.423 billion • Final dividend of US17.5 cents per share unfranked (US$569 million) bringing total dividends declared for the year to US26.2 cents per share – a record cash return of US$852 million. Santos today announced its full-year results for 2023, reporting sales revenue of US$5.889 billion, EBITDAX of US$4.083 billion, underlying profit of US$1.423 billion and free cash flow of US$2.128 billion. These results reflect lower oil and LNG prices, and lower production compared to the corresponding period. Santos continues to execute its strategy to deliver long-term value for shareholders through backfilling and sustaining our production, decarbonising operations and developing low-carbon fuels as customer demand evolves. Managing Director and Chief Executive Officer Kevin Gallagher said Santos has delivered record cash returns as a result of its high-performance culture, disciplined low-cost operating model and strong focus on safety. “Today’s results demonstrate the capability of Santos to generate strong cash flow, develop major projects and deliver sustainable shareholder returns,” Mr Gallagher said. The Barossa Gas Project is now 67 per cent complete with first gas expected in the third quarter of 2025. The pipeline that will deliver gas from the field to Darwin LNG is now 68 per cent complete and more than 50 per cent of the pipe has been laid. The first Barossa well has been completed and the second well is under way. Initial well flow rates are in line with expectations and carbon dioxide content is at the low end of the expected range. At full production rates, Barossa is expected to add 1.8 Mtpa to Santos’ expanding LNG portfolio. Phase one of the Pikka Project is now over 40 per cent complete with first oil expected in the first half of 2026. The drilling program is progressing with the sixth well spudded in December. Two well flow backs have been completed and results are in line with prognosis. Construction of associated infrastructure is also progressing well. Pikka is a low carbon-intensity project that will be net-zero scope one and two emissions from first production. Phase one of the Moomba Carbon Capture and Storage (CCS) project remains on track for first injection mid-2024. Moomba CCS phase one will be one of the lowest-cost CCS projects in the world and will have capacity to store up to 1.7 million tonnes of carbon dioxide per year. This is equivalent to around 28 per